HFF announces the $7.95 million sale of Regent Towne Center, a 52,911-square-foot, grocery-anchored shopping center in the Charlotte-area community of Fort Mill, South Carolina.

The HFF team represented the seller, Cole Credit Property Trust IV, Inc.T. Cooper James & Associates purchased the asset and was represented by Jeffrey Kienholz with the OMNI Group.

The shopping center is at the entrance of Regent Park, a development with 16 different residential communities, and is situated on the “going home” side of Regent Parkway for those living in the development. More than 35,700 residents earning an average annual household income of $96,362 live within a three-mile radius of the property. Anchored by a high-performing Food Lion, Regent Towne Center is also home to Regal Cleaners, Upscale Nail & Salon, Palmetto Pharmacy, Rainbow Café, Fantastic Sam’s and Brothers Auto Tech.

The HFF investment advisory team representing the seller included director Tom Kolarczyk, senior managing director Richard Reid and associate Warren Johnson.

“This is an excellent opportunity to acquire a high-performing, Food Lion-anchored shopping center with limited grocer competition in a rapidly growing submarket," Kolarczyk said. "Regent Towne Center will continue to thrive as Fort Mill strengthens and diversifies its employment and population base.”

About Cole Credit Property Trust IV

CCPT IV is a public, non-listed REIT formed in 2012 that primarily owns and operates income-producing, single-tenant necessity retail properties subject to long-term net leases with national or regional creditworthy tenants. CCPT IV seeks to provide access to high-quality commercial real estate assets, providing current income, reduced overall portfolio volatility and the potential for capital appreciation for its shareholders. CCPT IV is sponsored by an affiliate of CIM.

About HFF

HFF and its affiliates operate out of 26 offices and are a leading provider of commercial real estate and capital markets services to the global commercial real estate industry. HFF, together with its affiliates, offers clients a fully integrated capital markets platform, including debt placement, investment advisory, equity placement, funds marketing, M&A and corporate advisory, loan sales and loan servicing. HFF, HFF Real Estate Limited, HFF Securities L.P. and HFF Securities Limited are owned by HFF, Inc. (NYSE: HF). For more information, please visit hfflp.com or follow HFF on Twitter @HFF.